Gold price touches the target – Analysis - 21-06-2018
Economies.com
2018-06-21 03:54AM UTC
Gold price succeeded to touch our waited target at 1267.00 and pressues negatively on it in attempt to confirm breaking it, which supports the chances of extending the bearish wave on the intraday and short term basis, supported by the negative pressure formed by the EMA50, noting that breaking this level will extend Gold price losses to reach 1250.00 followed by 1236.40 levels.
Therefore, we will keep our bearish overview conditioned by the price stability below 1285.90.
Expected trading range for today is between 1250.00 support and 1275.00 resistance.
Expected trend for today: Bearish
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